Fitch affirms Sonoco Products at BBB with stable outlook
Fitch Ratings has affirmed Sonoco Products' Issuer Default Rating at BBB with a Stable Outlook. The agency cited the packaging group's market position, financial profile and capital discipline as supporting the investment-grade rating.
Why this mattersThe affirmed BBB with stable outlook leaves Sonoco's investment-grade access to debt funding unchanged.
- Fitch Ratings affirmed Sonoco Products' Issuer Default Rating at BBB with a Stable Outlook
- Fitch cited Sonoco's market position, financial profile and disciplined capital management
- The agency noted Sonoco's diversified product portfolio helps absorb supply chain and cost pressures
Sources
Traders Union